MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 21, 2013 Fundsters Bet $250MM on a Dot-com Apparently there is this thing called the Internet, and people intend to make loads of money from it. Portfolio managers at Fidelity, Morgan Stanley and T. Rowe are betting $250 million in the possibility of an IPO by online file-sharing and storage dot-com startup Dropbox, reports Reuers. The newswire notes that two funds run by Fido PM Will Danoff, the Contrafund and Fidelity Advisor New Insights have invested $83.1 million. Other funds that have invested heavily in the company are Morgan Stanley Institutional Mid-Cap Growth Fund, with $47.4 million, and the T. Rowe Price Mid-Cap Growth Fund with $38.2 million. Printed from: MFWire.com/story.asp?s=46813 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |